After an around 10 percent jump in April, brokerage house Motilal Oswal has downgraded FMEG (fast-moving electrical goods) firm Havells India to neutral from buy on the back of its expensive valuations.However, the brokerage still sees a 7 percent upside to ₹1,780 for the stock post its March quarter (Q4FY24) results reported yesterday on May 1.Stock price trendOn the back of strong results.
Open FlipOrient Cement has reported a growth of 1.22 per cent in its net profit during the quarter ended March 31, 2024. Its profit after tax stood at Rs 68.19 crore in Q4 FY24 as against Rs 67.37 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing. The company's net total income stood at Rs 895.53 crore in Q4 FY24.
Open FlipFederal Bank shares hit a 52-week high on Thursday (May 2). The stock rose by nearly 5% to reach ₹170.25 apiece. This surge comes just ahead of the bank's board meeting where it is expected to report its financial results for the March quarter and unveil future plans and initiatives. One of the driving factors behind this surge is speculation surrounding the bank's leadership.
Open Flip